I've read the other threads here but I just would like confirmation that I understand correctly how buying/transfering crypto works.

[Luke391]

So, let's say I buy crypto on an exchange app. Then I trasfer that crypto to a wallet on my pc (electrum in my case), does this have fees? If yes, how much?
Then I am supposed to send the crypto from my wallet to the wallet of the vendor, again, does this have fees?
Is this all there is to it? : buy on coinbase - trasfer to electrum - send to vendor?

I feel like I may be missing some important step or oversimplifing it. Could you guys tell me if I understood correctly or if I'm mistaken?

 

[readalot]

So, let's say I buy crypto on an exchange app. Then I trasfer that crypto to a wallet on my pc (electrum in my case), does this have fees? If yes, how much?
Then I am supposed to send the crypto from my wallet to the wallet of the vendor, again, does this have fees?
Is this all there is to it? : buy on coinbase - trasfer to electrum - send to vendor?

I feel like I may be missing some important step or oversimplifing it. Could you guys tell me if I understood correctly or if I'm mistaken?

You didn't read all the threads here.

 

[Luke391]

You didn't read all the threads here.

so helpfull, thanks

 

[readalot]

so helpfull, thanks

Key to understand before you get started.

Search results for query: Non kyc

thinksteroids.com

 

[dionetib]

So, let's say I buy crypto on an exchange app. Then I trasfer that crypto to a wallet on my pc (electrum in my case), does this have fees? If yes, how much?
Then I am supposed to send the crypto from my wallet to the wallet of the vendor, again, does this have fees?
Is this all there is to it? : buy on coinbase - trasfer to electrum - send to vendor?

I feel like I may be missing some important step or oversimplifing it. Could you guys tell me if I understood correctly or if I'm mistaken?

there’s a fee for all transfers between the wallets. The fees aren’t set in stone but fluctuate depending from the network’s congestion. You would usually get a quote just before you approve the transfer

I’m assuming you are trying to send bitcoin if it’s electrum wallet?